Where is the cheapest place to buy land in Sydney?

The cheapest suburbs to buy land in Sydney metro are in south-western Sydney or western Sydney. This includes the satellite suburbs of Campbelltown like Macarthur Heights (south-western Sydney) where blocks of land 375 m2 sell for $370k to $385k. Land in the suburb of St Helens Park sells for in the region of $400k for a 478m2 block.

Where are the cheapest houses in Sydney?

Sydney suburbs with the cheapest house prices are all in western Sydney, specifically in the local government area of the City of Blacktown (Greater Western Sydney region). These all currently have median house prices under $700k - and include Blackett ($680,000), Bidwill ($668,000), Tregear ($677,500), Emerton (695,000) and Willmot ($670,000). The satellite suburbs of Campbelltown (south western Sydney), also have comparable median prices to the western suburbs.

Where can you buy a house under $1 million in Sydney?

Suburbs in Sydney with median house prices under the $1 million are almost exclusively in the western suburbs or south western Sydney. This includes suburbs in or near postcodes like Blacktown ($913,500), Campbelltown ($815,000) and Fairfield ($940,000). The rise in the number of so-called million dollar suburbs is largely due to recent house price growth over 2020-2021, where some Sydney suburbs saw a rise of +30 per cent over this timeframe.

What is the fastest growing suburb in Sydney?

Based on data from realestate.com.au, the suburb of Marsden Park in western Sydney is one of the fastest growing suburbs in Sydney metro. This is based on house price growth of +30.9 per cent, recorded over the past 12 months. The suburb has a median house price of $1,150,000, with listings spending a median of 44 days on the market. Marsden Park is 49 kilometres north-west of the CBD, and is in the Blacktown local government area.

Cheapest suburbs to buy in Sydney

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Published on May 2, 2019 - Last updated on Dec 24, 2019

Looking for a cheap house or unit to buy in Sydney?

In the context of Sydney when we say ‘cheap’, we really mean affordable, and less than the eye-watering $1,125,533 median property price (CoreLogic, Dec 2023) – which is the harsh reality across Australia’s most expensive property market. According to CoreLogic, the current median house price in Sydney is $1,397,366, while units are at a median of $836,220.

While the Sydney market entered a cooling phase following the pandemic-driven price surge, it has since recovered, with median Sydney dwelling values gaining another +10.2 per cent over the past year.

But there are opportunities to be found if you know where to look.

Top 10 cheapest suburbs to buy in Sydney

These are our picks for the top 10 cheapest suburbs in Sydney to buy a house according to CoreLogic data (November 2023).

Suburbs	Median house price
Tregear, 2770	$621,000
Blackett, 2770	$627,500
Airds, 2560	$628,500
Willmot, 2770	$637,500
Lethbridge Park, 2770	$653,000
Whalan, 2770	$675,000
Shalvey, 2770	$696,000
Hebersham, 2770	$725,000
Rosemeadow, 2560	$750,000
St Helens Park, 2560	$760,000

These are our picks for the top 10 cheapest suburbs in Sydney to buy a unit according to CoreLogic data (November 2023).

Suburbs	Median unit price
Carramar, 2163	$363,500
Lakemba, 2195	$392,000
Wiley Park, 2195	$395,000
Canley Vale, 2166	$400,000
Cabramatta, 2166	$410,000
Mount Druitt, 2770	$420,000
Fairfield, 2165	$420,000
Regents Park, 2143	$420,000
Jamisontown, 2750	$425,000
Warwick Farm, 2170	$430,000

Top 5 cheapest suburbs to buy a unit in Sydney

Now let’s take a closer look at our top 5 cheapest suburbs in Sydney to buy a unit, all in western Sydney:

1. Carramar, 2163

Carramar, in the City of Fairfield, is located 30 kilometres west from the Sydney CBD. Close to local amenities and transport – plus the potential for a waterview of the picturesque Orphan School Creek – Carramar units offer great value, with a median price of $363,500. Buyers might be taking notice – unit prices rose +19.5 per cent over the past five years. According to CoreLogic, Carramar is also Sydney’s cheapest suburb to rent a unit, with a median rent of $389, rising +9.2 per cent over the past year. A rental yield of +5.16 per cent and low vacancy rate of 0.8 per cent could see more investors putting Carramar on their radar.

2. Lakemba, 2195

Lakemba is located in the City of Canterbury-Bankstown, only 12 kilometres from the Sydney CBD. With a median unit price of $392,000, rising +1 per cent over the past five years, Lakemba is a prime suburb for homebuyers looking for affordable units relatively close to the city. There are also promising signs for investors – data from SQM Research indicates Lakemba’s vacancy rate is 0.16 per cent, with a +5.9 per cent rental yield and weekly rent of $470 for units.

3. Wiley Park, 2195

Next-door to Lakemba, Wiley Park is another vibrant, well-connected suburb. Unit prices in Wiley Park have dropped -1.6 per cent over the past five years, and with a median unit price of $395,000, homebuyers could snap up a relative bargain. While price growth is sluggish, Domain data indicates median unit rent in Wiley Park has increased +27.3 per cent over the past year, with a weekly unit rent of $420.

4. Canley Vale, 2166

Canley Vale, in the City of Fairfield, is a richly multicultural suburb with a vibrant, family-friendly lifestyle. Located 30 kilometres west of the Sydney CBD and connected by regular train services, median unit price in Canley Vale is $400,000, which has risen +4.7 per cent over the past five years. Median unit rents have also grown – increasing +8.9 per cent over the past year, with a median unit rent of $402, in CoreLogic data.

5. Cabramatta, 2166

A neighbour of Canley Vale, Cabramatta is located 30 kilometres south-west of Sydney’s CBD and boasts a thriving food scene to rival the city. Cabramatta units have a median price of $410,000 but with prices dropping -2.1 per cent over the past five years, they could be a prime buying opportunity. As CoreLogic’s second cheapest Sydney suburb for renters, median unit rent in Cabramatta is $391, which rose +10.7 per cent over the past year. Vacancy rate is 0.3 per cent.

Most affordable suburbs to buy within 10km of Sydney CBD

Want to be a little closer to the action? These Sydney suburbs are within 10km of the CBD, all in the south or inner west:

Suburbs	Median house price
Tempe, 2044	$1,470,000
Bardwell Valley, 2207	$1,554,444
Arncliffe, 2205	$1,559,750
Canterbury, 2193	$1,575,000
St Peters, 2044	$1,580,000

Our pick is Tempe

With a median house price of $1,470,000 – up +37.80 per cent over the past five years – Tempe is a suburb to watch. Rapidly gentrifying, Tempe attracts a diverse demographic, complete with IKEA on the doorstep and access to regular buses and good local schools. The vacancy rate is low at 1.74 per cent, with SQM Research indicating weekly house rent is $886.

Frequently asked questions about the cheapest suburbs to buy in Sydney

Where is the cheapest place to buy land in Sydney?
Where are the cheapest houses in Sydney?

Sydney suburbs with the cheapest house prices are all in western Sydney, specifically in the local government area of the City of Blacktown (Greater Western Sydney region). These all currently have median house prices under $700k - and include Blackett ($680,000), Bidwill ($668,000), Tregear ($677,500), Emerton (695,000) and Willmot ($670,000). The satellite suburbs of Campbelltown (south western Sydney), also have comparable median prices to the western suburbs.
Where can you buy a house under $1 million in Sydney?

Suburbs in Sydney with median house prices under the $1 million are almost exclusively in the western suburbs or south western Sydney. This includes suburbs in or near postcodes like Blacktown ($913,500), Campbelltown ($815,000) and Fairfield ($940,000). The rise in the number of so-called million dollar suburbs is largely due to recent house price growth over 2020-2021, where some Sydney suburbs saw a rise of +30 per cent over this timeframe.
What is the fastest growing suburb in Sydney?

Based on data from realestate.com.au, the suburb of Marsden Park in western Sydney is one of the fastest growing suburbs in Sydney metro. This is based on house price growth of +30.9 per cent, recorded over the past 12 months. The suburb has a median house price of $1,150,000, with listings spending a median of 44 days on the market. Marsden Park is 49 kilometres north-west of the CBD, and is in the Blacktown local government area.

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